OPENLANE, Inc. (KAR) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.137 Good day, and welcome to the Openlanes first quarter 2025 earnings call. 00:00:05.137 -- 00:00:07.579 All participants will be in a listen-only mode. 00:00:07.579 -- 00:00:11.083 Should you need assistance, please signal a conference specialist by pressing the star 00:00:11.083 -- 00:00:13.025 key followed by zero. 00:00:13.025 -- 00:00:16.589 After today's presentation, there will be an opportunity to ask questions. 00:00:16.589 -- 00:00:20.634 To ask a question, you may press star, then one on the touch-tone phone. 00:00:20.634 -- 00:00:23.637 To withdraw your question, please press star, then two. 00:00:23.637 -- 00:00:26.800 Please note that this event is being recorded. 00:00:26.800 -- 00:00:29.463 I would now like to turn the conference over to Jared Harnish. 00:00:29.463 -- 00:00:31.216 Please go ahead. 00:00:31.216 -- 00:00:34.099 Thank you, Operator. Good afternoon, everyone. 00:00:34.099 -- 00:00:38.484 Welcome to OpenLane's first quarter 2025 earnings call. 00:00:38.484 -- 00:00:43.749 With me today are Peter Kelly, CEO of OpenLane, and Ryan Miller, OpenLane's 00:00:43.749 -- 00:00:47.513 Vice President of Finance for the Marketplace business. 00:00:47.513 -- 00:00:51.817 Our remarks today include forward-looking statements within the meaning of the Private 00:00:51.817 -- 00:00:56.540 Securities Litigation Reform Act of 1995. 00:00:56.622 -- 00:01:01.449 Such forward-looking statements involve risk and other uncertainties that may cause our 00:01:01.449 -- 00:01:06.756 actual results or performance to differ materially from such statements. 00:01:06.756 -- 00:01:11.442 Factors that could cause such differences include those discussed in our press release 00:01:11.442 -- 00:01:15.047 issued today and in our SEC filings. ...